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Ipatiy [6.2K]
2 years ago
14

Jen bought 100 shares of ABC stock at $15 a share on July 14, 2017. On August 7, 2018, she noticed that the stock had increased

in value to $20 a share and decided to sell her shares. Jen's marginal tax rate is 22%. How is the revenue from the sale treated on her 2018 income tax return
Business
1 answer:
Lubov Fominskaja [6]2 years ago
6 0

Answer:

The revenue from the sale treated as a long term capital gain on her 2018 income tax return

Explanation:

capital gain = (100*20) - (100*15)

                    = $500

tax rate on long term capital gain for 22% = 15%

tax on capital gain = $500*15%

                               = $75

Therefore, The revenue from the sale treated as a long term capital gain on her 2018 income tax return

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Conventional promotional efforts and "sale speak" should be used in all of a company's social media conversations to persuade th
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3 years ago
The publishing conglomerate Conde Nast is able to purchase mailing lists of people who have bridal interests, knowing that its M
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Answer:

e. identifiable

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Something is identifiable when is easy to recognize, in the excercise given the publishing conglomerate Conde Nast aims to this identifiable segments in order to reach certain customers.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:
FinnZ [79.3K]

Windsor's gross profit for the month is:C. $1520.

<h3>Gross profit</h3>

First step

January purchase:

Purchase= 130 - (210 - 130)

Purchase=130-80

Purchase= 50 units

Sales revenue= (260 + 50) x 9

Sales revenue=310×9

Sales revenue= $2,790

Second step

Cost= (260 x 4) + (50 x 4.60)

Cost=1,040+230

Cost= $1,270

Third step

Gross profit:

Gross profit= 2,790 - 1,270

Gross profit= $1,520

Therefore the correct option is C.

Learn more about gross profit here:brainly.com/question/942181

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4 0
1 year ago
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
yarga [219]

According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."

<h3>What is short term sales?</h3>

An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.

Some characteristics of short term sales are-

  • A stock that its an investor believes will lose value in the near future is sold short.
  • A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.
  • Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.
  • To be successful, short sales need to be timed almost perfectly.

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6 0
2 years ago
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